contraction
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Analysts Expect W-Shaped Recovery after Worse than Expected 3Q GDP Data
Analysts expect Romania's economy recovering slower and more gradually after Friday's flash GDP data which showed a 6% annual contraction in the third quarter, worse than the -4.4% market expectation.
Romania's GDP Falls 6% YoY In 3Q/2020
Romania's gross domestic product (GDP) took an annual plunge of 6% in the third quarter of 2020, compared with the same period in 2019, a flash estimate from the country’s statistics board s...
European Commission Expects Eurozone GDP To Contract 7.8% In 2020
The European Commission’s autumn 2020 economic forecast projects that the euro area economy will contract by 7.8% in 2020 before growing 4.2% in 2021 and 3% in 2022.
Romania's GDP Falls 10.2% in 2Q/2020, Revised Data Shows
Romania's gross domestic product took an annual plunge of 10.2% in real terms in the second quarter, less than the previously estimated 10.5%, a second reading from the country’s statistics...
EBRD Sees Romania’s Economy Contracting 4% In 2020 Under Covid-19 Impact
The European Bank for Reconstruction and Development (EBRD) said in a report Wednesday that it expects Romania’s economy to shrink by 4% in 2020 under the impact of the coronavirus crisis an...
Raiffeisen Bank Expects Romania’s Economy To Contract 2.5% In 2020, Grow 4.5% In 2021
Raiffeisen Bank has built a new economic growth scenario for Romania, in the context of the coronavirus crisis, forecasting an economic contraction of 2.5% for 2020 (with a sharp contraction...